MINISO Group (NYSE:MNSO) Shares Up 3.2% – Here’s Why

Shares of MINISO Group Holding Limited (NYSE:MNSO) were up 3.2% during trading on Monday . The company traded as high as $16.99 and last traded at $16.99. Approximately 256,726 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 1,844,549 shares. The stock had previously closed at $16.46.

Analysts Set New Price Targets

A number of equities analysts have commented on MNSO shares. Bank of America lowered shares of MINISO Group from a “buy” rating to an “underperform” rating in a report on Monday, September 23rd. Dbs Bank upgraded shares of MINISO Group to a “strong-buy” rating in a research note on Tuesday, September 24th. Citigroup started coverage on shares of MINISO Group in a research note on Friday, October 4th. They issued a “buy” rating and a $26.80 target price on the stock. Jefferies Financial Group restated a “hold” rating on shares of MINISO Group in a research note on Monday, September 23rd. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $15.00 target price (down previously from $27.00) on shares of MINISO Group in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $20.90.

MINISO Group Trading Up 0.3 %

The stock has a market cap of $5.22 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 0.74 and a beta of 0.18. The firm’s 50 day moving average is $16.45 and its two-hundred day moving average is $19.08. The company has a quick ratio of 1.93, a current ratio of 2.38 and a debt-to-equity ratio of 0.15.

MINISO Group (NYSE:MNSO) last released its quarterly earnings data on Friday, August 30th. The company reported $0.26 earnings per share for the quarter. The firm had revenue of $555.26 million for the quarter, compared to analyst estimates of $557.54 million. MINISO Group had a net margin of 15.72% and a return on equity of 26.41%. Equities analysts anticipate that MINISO Group Holding Limited will post 1.23 EPS for the current year.

MINISO Group Announces Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 13th were paid a dividend of $0.274 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a yield of 1.6%. MINISO Group’s dividend payout ratio (DPR) is 49.06%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MNSO. Point72 Asia Singapore Pte. Ltd. bought a new position in MINISO Group in the 2nd quarter worth about $26,000. Blue Trust Inc. grew its position in MINISO Group by 3,098.4% in the 2nd quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock worth $40,000 after purchasing an additional 1,890 shares during the last quarter. Headlands Technologies LLC bought a new position in MINISO Group in the 1st quarter worth about $93,000. Banque Cantonale Vaudoise bought a new position in MINISO Group in the 2nd quarter worth about $118,000. Finally, Bayesian Capital Management LP bought a new position in MINISO Group in the 1st quarter worth about $201,000. Institutional investors own 17.16% of the company’s stock.

MINISO Group Company Profile

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, Asia, the United States, and Europe. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care products, snacks, fragrances and perfumes, and stationeries and gifts under the MINISO and WonderLife brand names; and blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, sculptures, and other popular toys under the TOP TOY brand.